John C. Dugan
| John C. Dugan | |
|---|---|
 | |
| Comptroller of the Currency | |
|
In office 2005–2010 | |
| Preceded by | John D. Hawke, Jr. |
| Succeeded by | Thomas J. Curry |
| Personal details | |
| Born |
June 3, 1955 Washington, D.C. |
| Alma mater | University of Michigan |
John C. Dugan (born June 3, 1955) was the 29th Comptroller of the Currency for the United States Department of the Treasury, sworn in August 2005. He completed his term on August 14, 2010. Dugan was born in Washington, D.C.[1]
The Comptroller of the Currency is the administrator of national banks and chief officer of the Office of the Comptroller of the Currency (OCC). The OCC supervises more than 1,500 federally chartered commercial banks and 50 federal branches and agencies of foreign banks in the United States (as of January 31, 2010), comprising more than half the assets of the commercial banking system. The Comptroller also serves as a director of the Federal Deposit Insurance Corporation, the Federal Financial Institutions Examination Council, and NeighborWorks America. In September 2007, Comptroller Dugan was appointed Chairman of the Joint Forum, which is a group of senior financial sector regulators from the United States, Canada, Europe, Japan, and Australia that deals with issues common to the banking, securities, and insurance industries, including supervision of conglomerates.
Comptroller Dugan was the Under Secretary of the Treasury for Domestic Finance in 1992 and served in Department of the Treasury from 1989 to 1993. Before that he was minority counsel and minority general counsel for the United States Senate Committee on Banking, Housing, and Urban Affairs, from 1985 to 1989. He also served as director of Minbanc, a charitable organization, and was a member of the American Bar Association's committee on banking law. Before serving as Comptroller, Dugan worked for 12 years as a lobbyist representing the banking industry.[2]
He is a graduate of the University of Michigan, with a JD from Harvard Law School. Mr. Dugan is married with two children.
Dugan acted as chairman of the Joint Forum on the Basel Committee on Banking Supervision [3] from 2007 through December 2009.
According to an interview of Steve Eisman, John Dugan is culpable for elements of the subprime mortgage crisis.[4]
References
- ↑
- ↑ Martin, Andrew (2010-03-26). "Does This Bank Watchdog Have a Bite?". New York Times.
- ↑ "Joint Forum". Bank for International Settlements.
- ↑ VW Staff (2016-03-14). "Interview With Steve Eisman – FCIC – The Big Short". ValueWalk.
External links
| Government offices | ||
|---|---|---|
| Preceded by John D. Hawke, Jr. |
Comptroller of the Currency 2005–2010 |
Succeeded by Thomas J. Curry |